The Latest Breaking News on Economy

The recovery of real wages is expected to be so slow that it will take us until 2044 to get back to having as much purchasing power as in 2021

Household services contributed the biggest decline towards overall falling inflation

THE INDEPENDENT VIEW: Editorial: With a £20bn Budget black hole to plug, the chancellor has no option but to break Labour’s manifesto pledge – tinkering in the margins will hurt growth, while slashing public spending will lead to electoral ruin

GDP is growing, but employers have all but stopped hiring as they watch how the trade war plays out.

With the U.S. government shutdown still clouding official labor statistics, alternative data from private firms and banks is sending a clear message: the labor market is cooling, and markets are betting big that the Federal Reserve will respond with another rate cut at its Oct. 30 meeting.

Interpreting economic data is challenging on a good day—harder still when crucial reports go missing.

The United States suspended the publication of a key employment report Friday as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy.

Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.

Data from the Institute of Directors (IoD) showed that firms said higher labour costs has been the biggest contributor to growing pessimism.